Yum China Holdings Inc Stock Forecast
Red day on Friday for Yum China Holdings Inc
(Updated on May 10, 2024)
The Yum China Holdings Inc stock price fell by -0.656% on the last day (Friday, 10th May 2024) from $38.09 to $37.84. During the last trading day the stock fluctuated 1.89% from a day low at $37.57 to a day high of $38.28. The price has fallen in 6 of the last 10 days and is down by -4.56% for this period. Volume has increased on the last day by 287 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $76.59 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.81% during the next 3 months and, with a 90% probability hold a price between $31.15 and $34.84 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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YUMC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yum China Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $38.27. On a fall, the stock will find some support from the short-term average at $37.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Yum China Holdings Inc stock
Yum China Holdings Inc finds support from accumulated volume at $37.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.710 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YUMC) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Yum China Holdings Inc to open at $37.89, and during the day (based on 14 day Average True Range), to move between $36.74 and $38.94, which gives a possible trading interval of +/-$1.10 (+/-2.91%) up or down from last closing price. If Yum China Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.10 (0.69%) than the support at $37.36 (1.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Yum China Holdings Inc stock A Buy?
Yum China Holdings Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.683 Sell Candidate Unchanged
Predicted Opening Price for Yum China Holdings Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $37.89 ( 0.141%) | $37.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YUMC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.60 | 2.02 % | |
| R2 | 38.33 | 1.30 % | ||
| R1 | 38.16 | 0.86 % | ||
| Current price: | 37.84 | |||
| Support | S1 | 37.62 | -0.576 % | |
| S2 | 37.45 | -1.02 % | ||
| S3 | 37.18 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.75 | 15.62 % | |
| R2 | 41.10 | 8.62 % | ||
| R1 | 38.10 | 0.687 % | ||
| Current price | 37.84 | |||
| Support | S1 | 37.36 | -1.27% | |
| S2 | 36.51 | -3.51% | ||
| S3 | 35.92 | -5.07% |
YUMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | May 28, 2024 | Jun 18, 2024 | $0.160 | 0.423% |
| 2 | May 24, 2024 | May 24, 2024 | Jun 18, 2024 | $0.160 | 0.423% |
| 3 | Feb 06, 2024 | Mar 04, 2024 | Mar 26, 2024 | $0.160 | 0.410% |
| 4 | Oct 31, 2023 | Nov 27, 2023 | Dec 19, 2023 | $0.130 | 0.315% |
| 5 | Jul 31, 2023 | Aug 25, 2023 | Sep 18, 2023 | $0.130 | 0.227% |
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